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Helnl Radio News Service
8/14/46
KESTEN RESIGNATION FROM CBS DUE TO PERSISTENT ILL HEALTH
Paul W. Kesten, who resigned last week as Vice Chairman of the Board and a Director of the Columbia Broadcasting System, gave persistent ill health as the basis for his leaving those posts. How¬ ever, it was announced by CBS that Mr. Kesten will continue to serve the network as a consultant.
In his resignation Mr. Kesten pointed out that he had been steadily overdrawing on his reserves ofhealth and energy due to per¬ sistent arthritis and that he wished to withdraw from corporate res¬ ponsibilities to undertake a health-building program.
Meanwhile, William S. Paley, Chairman of the Board, in announcing his regrets on Mr. Kesten' s action, expressed a sincere wish that the resigning Vice Chairman of the Board would rejoin Columbia on a full-time basis "Just as soon as he has fully recover¬ ed. " Pointing to Mr. Kesten* s fifteen years' service with CBS, Mr. Paley commented that "there is little in the progress and develop¬ ment of CBS during those years — and, as a matter of fact, of the entire field of network radio — that doesn't bear the stamp of his unusual talents. "
Mr. Kesetn joined CBS in July, 1930, as Director of Adver¬ tising and Sales and Sales Promotion, and in December 1934 was elected a Vice President. In May, 1937, he was made a Director and in October, 1943, he became Executive Vice President. Mr. Kesten was named Vice Chairman of the Company's Board of Directors in Janu¬ ary, 194 6.
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I. T. & T. TELEPHONE SUBSIDIARIES REPORT INSTALLATION GAINS
Telephone operating subsidiaries of the International Tele¬ phone and Telegraph Corporation system have reported on aggregate net gain of 16,701 telephones in service in the first six months of 1946.
Largest net gain was shown by the United River Plate Tele¬ phone Company, Ltd., of Buenos Aires, I. T. & T. ' s telephone system in Argentina. The company reported 513,915 telephones in operation on June 30, an increase of 5,381 for the six months' period. Mean¬ while, I. T. & T. operating companies have reported a backlog of 199,514 applications for telephone service as of June 30th, The un¬ filled order total was said to result principally from a shortage of automatic central office equipment, practicably unobtainable during the war, as well as shortages of some basic materials.
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